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  1. 3 points
    Good day all, Our questions 1) If we need R50k a month to survive when we retire how much do we need to have invested in total ? 2) If the South African government implemented prescribed investments would it affect any investments which are not RA's ? Any input would be greatly appreciated. Have a great weekend all. Sideways
  2. 3 points
    While there is certainly merit to the argument that on average, in the long run, passive investments perform at least as well as, if not better, than actively managed investments, the funds in which Momentum has invested your money (ie. Allan Gray, Coronation, Investec etc) have had phenomenal performance since their inception, and they are certainly not just your average actively managed funds. These funds are among the best South Africa has to offer with returns beating the benchmark year after year. Also remember that offshore has its (important) cons as well as its merits. While offshore investments may serve as a Rand hedge, they simply cannot keep up with our inflation. Even with the annual average 4% drop in the Rand, the 2-4% growth typical of global growth, even when combined with Rand depreciation, does not usually beat South Africa's 6.5 - 8% inflation. South African markets do tend to perform a few percent higher than inflation though, and I'm pretty sure that if you look at your Momentum fund returns, you're probably close to 11% annual return over the past 10 years after the 2% costs have been deducted, even though the market has been flat. In every/any chosen period longer than 10 years (10-years, 15 years etc) South African investments have beaten the offshore average, even when compounded with Rand depreciation. I'm wary of moving too much money offshore. Consensus at the moment is that 30-40% of your money offshore presents the optimal risk to reward ratio. Also bear in mind that 30 -35% of your Momentum fund is already invested offshore. If it were me, I'd keep the bulk of the money with Momentum. Especially since you're 55, the actively managed approach, which switches between bonds, stocks and cash as the market fluctuates, decreases your risk significantly. The good thing about managed funds is that they limit the downside, while they may underperform passive investments slightly during strong bull markets. At 55, preserving your wealth is definitely more important than high-risk growth. So yes, I personally do believe that moving your Momentum investment to passive investments would be a mistake in your case. If it were me, I'd keep the R5.5M right where it is! (The extra R2M is only a quarter of your portfolio so it seems a reasonable amount to put in the higher risk passive funds as you have done.)
  3. 2 points
    Yes, firstly, don't overdo it with too many ETFs. Just pick a few core ones and stick with them. Otherwise you just end up with higher costs, duplication of stocks and possible over-exposure to certain stocks that is hard to control. Secondly, pick a good mix of local, international and property shares to spread your risk. If you want to stay with Satrix only, I'd recommend something like the following portfolio split: Satrix 40 (STX40) : 40% Satrix MSCI World (STXWDM) : 40% Satrix Property (STXPRO) : 20%
  4. 2 points
    Today marks 422 days approximately until the next bitcoin 'halving', where the amount of bitcoin that is able to be mined every day is cut in half forever. The approximate date will be 24 May 2020. After previous bitcoin booms and busts in the hype cycle the uptick in the price has started to show improvement around 500 days before the halving. We are past that point, so I am hoping that there will start to be a slow steady increase in price again like there has been before. Lets see if history will repeat itself once again. The Bitcoin block mining reward halves every 210,000 blocks, and this time the coin reward will decrease from 12.5 to 6.25 coins approximately every 10min in May 2020. Usually there are guys who anticipate the increased demand and the price increase that responds to the demand, who buy in advance so that they can sell when the real frenzy starts at a great profit. I would bet that if things go like they have gone in the past, people will buy up bitcoin leading up to the halving, and might even dump a bunch before the actual date, before other guys get a chance to do the same thing. Lets see how it all plays out...The price of bitcoin on 28 March 2019: $4098 (according to coin market cap) EDIT:
  5. 2 points
    We actually wrote an article about this a few months ago. https://platinumwealth.co.za/insights/finance/building-an-emergency-fund/ One thing I would add is to look at Tymebank (we have them online if you have questions @TymeBank Team) If you use them as an emergency fund you will be earning more interest than any other bank in South Africa. With that said, personally, I do a 32-day notice account + credit card (if the funds need to be accessed right now) and then can be paid back from the notice account.
  6. 2 points
    Just registered and I must say,I am impressed with their steps of registering.so thank you Tyme Bank.
  7. 2 points
    What a bank I like everything about tyme to bank
  8. 2 points
    Any business with a concern about efficient and costs effective telecommunications should investigate porting over to a VOIP solution. If you have a reliable internet connection such as ADSL/VDSL, 3G/4G or Fibre, you can get a phone service delivered through your internet connection at a fraction of the cost compared to using a traditional Telkom landline. The most important takeaway from this article is that a VoIP system reduce costs, dramatically. Why will a VoIP system reduce my costs of my Telkom bill? A VoIP service provider does not require its own separate infrastructure like the PSTN of Telkom. Voice calls are simply transmitted over the same networks that power the Internet. This means that the ISP does not have to invest significant capital in laying phone lines to each and every house and business. VoIP is essentially piggybacking on the existing broadband network throughout South Africa. So, voice is treated exactly the same as normal data and media such as text and images on the Internet (like a Whatsapp). Just like sending email and pictures is practically free, voice calls also become extremely cheap. Can I move my telephone number if we change offices? Anyone who has moved a landline from one home to another knows the pain of dealing with Telkom. With VoIP, the phone number is no longer associated with a single device, residence or physical line, instead the VoIP phone number is associated with you and your account. This enables you to take the number with anywhere you go, and you can even use it to link your cell phone to your business or office – it’s a virtual number. Who is the cheapest VoIP provider in South Africa for my business? Skype has three packages For R57 per month you get 100 minutes to any South African mobile or landline number (effectively R 0.57 per minute) For R99 per month you get 400 minutes to any South African mobile or landline number (effectively R 0.24 per minute.) Then for R285 per month you get unlimited calls to any network and landline. Vox Telecom Costs between R234 and R762 per month and calls are charged at R0.46 per minute. (The monthly payment includes money for the calls.) FreshPHONE Zero sign up costs, Zero monthly costs, Zero cancellation costs. The call rates for FreshPHONE is R0.39 per min to Telkom local and national numbers and R0.69 per min to all cellular networks. MWEB Mweb have two VOIP packages a Starter package with 100 minutes at R59 per month, and a Lite package with 250 minutes at R99 per month. (59c per minute and 39.6c per minute respectively) Assuming you want a more business specific setup (multiple staff members or a call center) then a PBX system will be required. The cheapest hosted PBX solutions in South Africa IS (Internet Solutions) Ignite have a hosted PBX solution for R111 per extension (month to month) or R90 per extension (24 month contract) this gives you Ring groups, Voicemail to email, Call waiting (press 1 for sales) the full monty) and then you have to pay the per minute rates for calls you make which is R0.30 to Telkom landline calls and R0.74 to mobile numbers. Euphoria Telecom is R65 – R125 per user(extension) per month depending on features. Then their call rates are R0.34 per min to Telkom landlines and R0.79 per min to all South African mobile networks. Use VoIP for your startup business Launching your own business is not an easy task. Entrepreneurs soon find that their landline is not enough to handle the needs of the business, no matter how small. This is where VoIP comes in handy. VoIP service can provide much-needed features like auto attendant, group voicemail, multi device ring, automatic call routing etc. which normally requires an expensive building specific business line(s) setup with golden numbers and special hunting group landlines.
  9. 2 points
    ABSA gives you access to all the ETFs. Their platform is a full on trading platform where you specify the price you'd wish to buy at etc. More control but more involved than EE.
  10. 2 points
    Option 1: Takealot for around R1680 Option 2: From their site for R976 + customs/import (https://shop.ledger.com/products/ledger-nano-s) Free shipping from DHL (3 business days) Question: Does anyone know what the import costs will be payable on this? Read around that in SA it could be around 15% VAT and 10% Duty = +25% (total costs R1220) Are there other costs? If R1220 is the case it's a way better deal to buy direct plus you can choose your Nano S color (I want Transparent )
  11. 2 points
    So DHL called me and said I have to pay Extra costs were a total of R312. Total cost for Ledger Nano S = R1288. I'll take it. Cheers guys! Dan
  12. 2 points
    I have ordered single units as replacements which came without having to pay extra duties. Buying bulk means you definitely have to pay the duties, and also the fee to the courier company to 'process' your order and delivery. I am out of stock of Ledger Nano S devices and most likely not ordering bulk again, unless I can make it worth while. Bulk orders are not priority to them, so they sometimes take months to arrive, while the price of bitcoin changes drastically during that time period, which means your profit can disappear completely. For the end user, its faster and cheaper to just order directly from Ledger now, especially since they added free shipping for small orders to South Africa, and you might not need to pay duties. Bulk orders you still need to pay for shipping, so that is additional cost for resellers too. The time, expenses, and possibility of losing money means its just better to refer customers to them directly.
  13. 2 points
    I own unit trusts only in the form of pension and RAs. RA - Allan Gray Balanced Fund Pension - 10X Kicked Stanlib to the curb but it had more to do with getting away from my financial advisors hold on it. Didn't understand their pricing at all. Very happy with what I have currently
  14. 2 points
  15. 2 points
    Just thought I would put this out there....I have a Telegram chat channel where we talk about bitcoin mostly, as well as other cryptocurrencies. If you want to ask a specific question, or would like to just chat casually about bitcoin / crypto with other people in South Africa, check it out. The channel is informal, and it is not a trading signals channel or anything really technical. Its mainly for casual chat about crypto. If you are on telegram, come and visit! https://t.me/bitcoinzarchat
  16. 2 points
    So regarding the new NewFunds Volatility Managed ETFs (I might be a bit late to the party): NFEDEF - Defensive http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedDefensiveEquityETF/Pages/default.aspx NFEMOD - Moderate Equity http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedModerateEquityETF/Pages/default.aspx NFEHGE - High Growth Equity http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedHighGrowthEquityETF/Pages/default.aspx Sounds "cool" but looking at the annualised returns over 5 years (NFEDEF: 5.1%, NFEMOD: 6.8%, NFEHGE: 6.2%) I have to ask myself why I wouldn't play it save with a 32 day account at 6.95% or any of the various other guaranteed return vehicles offering better returns ?
  17. 2 points
    The JSE and Msci Emerging markets index are highly correlated and emerging market index outperformed local equities the last 5 years. I would change the local exposure to STXEMG only. Less risk for similar performance and no "if" the local market bounces back scenarios...
  18. 2 points
    Weakening economic conditions, increased debt repayment burden, rising consumer inflation and stricter lending criteria have seen 100% bonds, especially to first-time buyers, become much harder to get, but it has also placed many potential buyers firmly between a rock and a hard place. “Not only do banks require bigger deposits than before, it has also become more difficult to put money aside in today’s economic climate, as growing financial pressure is forcing consumers to tighten belts even further just to make ends meet,” says JP van der Bergh, founder of Propscan. "However, a sizeable deposit has several significant benefits in addition to increasing your chance of bond approval - it also gives you a jumpstart on the financial process, makes your offer more appealing to sellers as it bumps up the chance of bond approval, naturally decreases your monthly bond repayments, and saves you a considerable amount in interest over the long term.” Kay Geldenhuys from ooba, national mortgage originator, illustrates how a deposit can reduce the overall and monthly costs of buying property: “A home buyer who purchases a house for R1 million with no deposit at a 10.25% interest rate will pay approximately R9 816 per month over 20 years. At the end of the home loan term, the total amount repaid will be R2 355 944. “On the other hand, with a R100 000 deposit, the monthly repayments will be approximately R8 835, and the total repayment will be around R2 120 350. Add the deposit to this and the total comes to R2 220 350 - making the total repayments some R135 594 cheaper than buying without a deposit.” She says it also stands to reason that the smaller the risk for the bank, the more negotiable they will be on the interest rate charged. “Right from the beginning of the home-buying process, it is important to ensure that you know what you can afford to buy and how much deposit you will need,” says Van der Bergh. “Once you have established how much you need to save, the next step is to figure out how to do so as quickly as possible, and in order to do so, you must analyse your spending habits. On a spreadsheet, list all your fixed monthly expenses including existing debts you are currently servicing and make a note of all other regular expenses like the daily cappuccino at the café near work. “Next, go through it with a fine-tooth comb to see where you can cut down on monthly expenditure and determine how much you can realistically afford to save, and then shop around for a high-interest savings or money market account in which to save your money.” Sandy Geffen, Executive Director of Lew Geffen Sotheby’s International Realty in South Africa, says saving a substantial amount of money may seem like a daunting task, but don’t be discouraged. “At first glance, the cutbacks you are able to make may seem to be small amounts, but you will be surprised at how quickly they can add up to a sizeable sum, and you could own your first home sooner than you think,” says Geffen. She offers the following creative tips for saving towards your deposit: 1. Stop smoking. This could add at least R1 000 a month to your deposit fund. 2. Instead of buying takeaways every day, rather spend the extra 10 minutes packing lunch in the morning as it will end up saving you more than pennies at the end of the day, and it’s far healthier. 3. Ask for an insurance re-evaluation because while your insurance premiums probably go up every year, the value of a lot of insured items actually goes down as they age. 4. Cut back on credit and try to pay off and close store cards, especially if you find temptation hard to resist. Remember that when you do eventually apply for a loan, the bank will ask for an income and expenditure statement to prove that you will have sufficient surplus income for the home loan instalment once all household and contractual debt expenses have been met. 5. Before you run out to buy a new seasonal wardrobe, spring clean your closet and unearth the older items of good quality that can be reinvented with accessories or by mixing and matching; 6. If you can’t remember what the inside of your gym looks like and can’t motivate yourself to go, cancel that gym contract and find ways to exercise for free. It might help you to start exercising more regularly, especially now that summer is here. 7. Consider scaling down on your car if a large portion of your monthly income is going towards paying off a car loan; 8. Always go grocery shopping with a list and stick to it - and never go on an empty stomach. Also try and stick to food stores and avoid the hypermarkets where you might be tempted to buy other things you don’t need. Geldenhuys cautions that this savings mindset should not be abandoned once the goal has been met. “Many people throw caution to the wind and shop around for a home that costs the maximum amount the bank has approved, however, given current economic conditions, buyers should rather consider buying for a little less,” says Geldenhuys. “The extra cash can be used to pay off the bond more quickly or saved as a rainy-day fund so that they are prepared for the unforeseen expenses which arise when you own property.” “It’s true that our parents had it much easier in that most were able to afford their first home long before the current average age of first-time buyers which has risen to 34, but what hasn’t changed is the investment value of owning a home,” says Van der Bergh. “It is also one of the most exciting and rewarding purchases you will ever make, so even though it may take a little longer, it’s always worth the effort.” Source: Property24
  19. 1 point
    I Am Mother (2019 - Netflix) 7.5/10 Good performances, interesting premise. I felt they could've made a little more of the story though - it just kind of fizzles out towards the end.
  20. 1 point
    Recently retired (or sort of) now based in the Garden Route. Although I do have Unit Trusts, I prefer ETF's and doing the migration to the latter in a structured (or trying to) way, as and when the opportunity allows. Also trade commodity options (on US exchanges) to keep my mind active and for something different. As far as JSE equites go ....sshhh ... currently like having a family member in Pollsmoor - don't talk too much. Looking forward to sharing ups and downs and successes !!
  21. 1 point
    I decided to give TymeBank (TymeDigital) a try today. I am very excited for Michael Jordaan's BankZero, but TymeBank beat them to the punch and launch the first fully digital branchless bank. There were some initial hiccups with their website not working, but overall the experience was incredibly smooth. To open a TymeBank bank account simply sign up online through their website (Click here to open a TymeBank account). This process is incredibly simplified through the use of eFica they are able to FICA you without any documents all you need is your ID number (just the number, you type it into the website) and a cell phone (for OTPs and confirmations) then you set a pin and you are done, you now have a fully fledged bank account. There is a catch... In order to activate and get a debit card (visa debit card), you need to go into a Pick n Pay to the TymeBank kiosk. Take your cell phone with because when you log into the Kiosk it will send an OTP to your phone. All you need to do at the kiosk is scan your thumb fingerprints then your account will be fully verified and the machine will print your debit card. This entire process took me less than 10 minutes, registering online took 3 minutes and printing my card at the Kiosk took 4 minutes. After this, I downloaded the TymeBank app from the google play store and its impressive, very neat layout and functional. In fact, I like their app better than Capitec (and I have been using Capitec since 2008). Their app still needs some work, I think they are using some AWS instance not locally so the lag time on the app is noticeable (latency from whatever region they use), but its nothing major. Why did I get a TymeBank bank account? There are zero monthly fees, so I figured if it does not cost me anything to open the account and it does not cost me anything to have the account then why not. Something to note, SMS on TymeBank are free too, other banks should take not, especially Capitec, I know they make a killing on SMSes. The other drawcard for me was the integration with Pick n Pay (although their staff is completely clueless about how Tyme works, I went to two Pick n Pays and neither one's staff had a clue what to do when you want to add funds). Anyway, the reason I like it is that I shop mostly at Pick 'n Pay and with a TymeBank account, you can get double the smart shopper points if you use the card as your payment method and using it to swipe for the smart shopper instead of the blue pick 'n pay card. The other reason I got the account is for the interest. You get 6% interest from day one and if you leave your money you can get up to 10% interest, so I will put a few thousand bucks into this account and just leave it to earn interest, basically extra cash I will put into TymeBank as I will earn almost double the interest I get from Capitec. Another worthwhile note is that all TymeBank account holders get free wifi at all Pick n Pay and Boxer stores, not that I really need this, but for a bank account that does not cost me anything, it's a nice perk to know if I ever do run out of data I can pop into a Pick n Pay and be connected again. How to get money? It might not be obvious at first with all the digital bank and feeling like this is some special service. It's a normal bank account you get an account number so EFT some money to your TymeBank bank account. If you have cash on hand then you can go to any Pick 'n Pay. It will cost you R4 at Pick n Pay to deposit cash into your TymeBank account, which is alright. Pro Tip: The people at Pick 'n Pay will have no idea how to do it, so to avoid boiling your blood tell them this is a normal online deposit (they should understand what that means). Here is the card I got: This is a fully fledged debit card (visa), you can do online payments everything, there are no limits. The interesting bit, this card costs nothing. Capitec charged me R50 for my card.
  22. 1 point
    I cant view it because its behind a paywall that I wont pay...but ja, I dont trust those guys one bit
  23. 1 point
    Thank you @Bandit This is exactly the information I was looking for.
  24. 1 point
    https://capitalist.org.za
  25. 1 point
    It's every investor's dream: to find a stock that doesn't just double your money – or even triple it – but increases your investment 10-fold. I decided to start this thread here, somewhere on the JSE is the next ten-bagger (+1000% return), let's try to identify it. What small cap JSE stock do you think will be the next Ten Bagger?
  26. 1 point
    There is a hype cycle because the supply gets cut in half, and people who trade know this and make money off the fact that the supply will be decreasing. Think about it....You know for a fact that in 4 years time there will be 50% less bitcoin being mined each year, and then 4 years later, again 50% less, going on and on forever. Even if there is no more demand than there is today, when you cut the supply in half, but keep the same demand, the price should surely go up a lot. People who trade bitcoin know this, and they start buying up bitcoin in advance, with the purpose of selling it later at a big profit. This causes the hype cycle to repeat itself over and over, with higher highs, and higher low prices too. It costs so much, because there is so much demand for it. If nobody wanted it, the price would be zero, but everyone wants it, and the demand is reflected in the price.
  27. 1 point
    Hello everyone. I'm Cheryl, founder of pedlar.co.za Nice to meet you
  28. 1 point
    Hi There, I'm Ahmed, Longtime mybb lurker, and about to sign a contract with one of the big 4 mobile networks in their graduate programme as a software engineer. Thought Id lurk on this forum too, and get my finances right from the start ; ) hopefully.. Hope I can learn and contribute meaningfully.
  29. 1 point
    The education system seems to be going through changes. There is a trend towards home schooling and small colleges in some sectors of the community, away from the formal uniform wearing "conventional" schools. Teacher education is in a bad shape and the quality of teachers seems to be deteriorating. The discipline in the conventional schools is going from bad to worse. Yes the private school system is facing an uncertain future but it seems to be a better bet than the state schools and even the old model "C" schools which are going the same way as the majority. Affordability of the private schools is a problem especially in the light of the current low economic activity prevalent in the country. Pembury claim to be more affordable than the groups mentioned above. As far as retirement homes are concerned I have noticed a trend for emigrated children to arrange for their aged parents to join them overseas thus reducing the pool of tenants for these homes. Time will tell what happens to this share.
  30. 1 point
    A friend of mine drives a Hyundai i10, but I can't seem to find info on Motus since it's so young and the analysts are not all over it. Where do the sales of a Hyundai or a Kia then fit into the profits of the company?
  31. 1 point
    I only do CFDs for resources, because they're cyclic so long term doesn't make sense for me with resources. But I've had CFDs in Anglo American Platinum (AMS) for about 3-4 months now. Best return I've ever made on a trade!
  32. 1 point
    Yes, they only listed on 22 November. Still hard to find info.
  33. 1 point
    In my opinion, the Allan Gray Balanced fund is one of the best the market has to offer. Its performance has been nothing less than superb in that it has smashed the benchmark year after year after year: https://www.allangray.co.za/fund-pages/balanced-fund/
  34. 1 point
    We want to do some research into the consumer behavior of prepaid users. Where do you buy airtime? Do airtime discounts play a role, would you change providers if they offered a discount?
  35. 1 point
    Jumia to list on the NYSE, aiming to become Africa’s first tech unicorn. Active in 14 countries 4 million active users 81.000 active sellers 13.4m deliveries per year €130.6m revenue in 2018 €862m consolidated loss since inception Source: Techcrunch MTN owns a share of Jumia
  36. 1 point
    Agreed... Regretting buying in the IPO... Learnt my lesson on this one
  37. 1 point
    Do you have to get tax clearance first or did EE put a structure in place that takes that admin away ?
  38. 1 point
    I'm actively trading them now, but I'm also thinking about buying their shares too, but I don't feel I have enough info on them yet. Maybe a Motus thread is the way to go. Here's their performance graph since their listing on 22 November 2018:
  39. 1 point
    They keep posting on Twitter, but I have not seen a launch date yet. I am curious to see what Micheal and the rest ex FNB guys can come up with, TymeBank is really incredible and Capitec can adapt if they must. So is that 'unbanked' space big enough for another entrant? Bankzero will never compete in the FNB level, at least I doubt it and there Discovery Bank is going to make a dent. I am very excited about their launch and to see what they can offer and if they will enter the business banking space currently dominated by FNB.
  40. 1 point
    SaurusDNA, Thanks so much for your input, its really appreciated, could I please ask for your thoughts on.... 1) If we need R50k a month to survive when we retire how much do we need to have invested in total, as I intend to retire as soon as I reach this mythical figure and I have been given many different figures ranging from 10 mill to 17 x my final annual salary and none of it makes any sense ? 2) Lastly do you have any thoughts on the South African governments possible implementation of prescribed investments and how it would it could have an affect any of the investments I listed? Here is an article you and the board may find interesting. https://www.biznews.com/sa-investing/2019/03/07/magnus-heystek-hogg-jse-optimism-sa-respectfully-differ Have a great weekend
  41. 1 point
    I did not see this coming !! Both Std Bank and JPMorgan launching blockchain payment solutions....wow These events matter because it makes moving money around much cheaper and faster....it benefits us the consumer ultimately Standard Bank builds blockchain for international payments "The platform aims to increase the speed and transparency of international payments and trades by providing an instantly-available record of documents and settlements stored in the cloud. " https://mybroadband.co.za/news/banking/297786-standard-bank-builds-blockchain-for-international-payments.html JPMorgan's move into crypto puts the rest of the industry on notice "Blockchain is particularly appealing because it could allow banks to clear payments faster and more securely, using technology that CB Insights said would dramatically cut processing times and reduce the need for third parties to get involved with transactions." " With the launch of JPM Coin, JPMorgan has shown it wants to get out in front of this transition, despite its previous skepticism. That could push other banks to show they're in the game, too. Singh said banks that have a large number of institutional clients, such as Citigroup (C), will feel the most pressure." https://edition.cnn.com/2019/02/19/business/jpmorgan-jpm-coin-banks-blockchain/index.html
  42. 1 point
    Hi All, Am new to this sight. I am Jhb based and was wondering if there are any Interactive Broker users out there who trade offshore, using the API? If so would like to touch base with a meet up and perhaps we could share Ideas. I am just using the Excel Interface (VBA and RTD). Had the account open for less than a month now so still getting my ducks in a row. My focus is ES futures options and Eurostox50 Index options. Busy building stuff in Excel (VBA) that interfaces with IB related to this. Cheers Brian
  43. 1 point
    Me too! I'm just waiting to see if they go up or down. I'm not keen on a long term investment in Multichoice (MCG) but it might be good for trading (either long or short) in the next few days as it may experience quite a bit of movement while the market decides. The CFDs have a reasonable gearing of roughly 6.5 times.
  44. 1 point
    I agree. The returns on these have been worse than a simple savings account. I can't imagine the appeal or why anyone might consider buying these. At least with their Newfunds Traci 3 month ETF you know what you're going to get, and at almost zero risk. These have worse returns but with risk. I don't get it...
  45. 1 point
    Well, I got my 10 free Multichoice shares today (due to the unbundling of Multichoice from Naspers). Nice when shares just appear in your account out of the blue!
  46. 1 point
    It helps to think of TFSAs as an initiative by government to get the poorer middle class to save and we the "rich" are misusing it ? Country is already strapped for cash so I doubt we'll get more tax breaks any time soon.
  47. 1 point
    I guess the annual limits of Tax free investment accounts will remain at R33000 for the third year in a row then... ?
  48. 1 point
    Now this is very clever...Abra is a populat crypto platform but what they have now done is to link listed assets to a type of crypto ETF that tracks major listed assets....check out the story below. https://www.abra.com/ Since Abra runs on bitcoin, it automates all of its processes like asset holding, hedging, and user transactions with smart contracts. It supports 30 cryptocurrencies, 50 fiat currencies, and is led by crypto/finance leaders like Bill Barhydt/CEO (formerly a VP at Goldman Sachs and Technical Director at Netscape) and Daryl Puryear/CTO (formerly Director of Software at Mint.com and VPE at Motif.) How does their new product work? Essentially, Abra has taken its existing platform and extended it to support assets available on the NASDAQ, starting with the top 100 stocks and ETF’s. Once users invest capital into the platform, they can choose to “invest” in one of Abra’s 100 stock/ETF offerings, which represents stock investment exposure in corporations like Facebook, Apple, Amazon, and Alphabet/Google. As soon as a user adds money to the Abra app, the capital is immediately transformed to bitcoin. Then, using Abra’s crypto-collateralized contract, Abra keeps the notional value of that bitcoin investment tied to the current value of the stock. This is done with what’s called a multisig bitcoin address, where Abra and the user sign a contract to peg the amount of cryptocurrency to the value of the asset. Abra users then hold an asset that track the exact price and volatility of the given stock. While users don’t actually hold any shares in the company they still receive dividend payments because of the means by which Abra hedges itself on the contracts — super cool. The platform can also support short selling which Abra hopes to offer in the future. Why does this make electronic stock investing any different? The mechanism by which Abra enters into these smart contracts means that Abra can offer this investing service legally in 155 countries. That is a first for investing in US stocks, commodities, cryptocurrencies and fiat currencies via a single service. The SEC and CFTC have clarified that the definitions of the terms “swap” and “security-based swap” do not include forward contracts. These definitions exclude “any sale of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled.” These organizations later provided guidance on how this physical settlement exemption applies to Bitcoin. Abra operates under this exemption. This means that Abra’s investing tools are much less regulated than other trading mechanisms. Since other online stock trading platforms like Robinhood, TDAmeritrade, or Charles Schwab actually invest user assets in real stocks and act as a full broker and custodian, they do have to follow rules set by the CFTC, SEC, and other securities commissions. But Abra’s model means they can expand the market of pseudo-stock-investing globally, beyond these specific geographic boundaries. What are the greater implications? Abra’s company ethos is democratizing finance. Their entire value is built off of being a platform where a first-time investor from the developing world can make the same returns as the hot-shot finance guys from New York. Abra’s new offering helps accomplish that by introducing pseudo-stock-trading to hundreds of new markets, making it a feasible investment mechanism for people in 155 countries globally. Abra’s new tool might also affect the price of bitcoin. On Abra, all users become “hodlers,” crypto-speak for someone who holds onto bitcoin without regularly trading it for other currencies and assets. Past financial studies have found that hodling is one of the key driving factors behind bitcoin’s price fluctuations. Since Abra’s platform automatically converts user capital to bitcoin, all users become hodlers and thus could, at large scale, drive changes in the price of bitcoin. Depending on how many people hop onto Abra’s new platform, we might see a short- or long-term spike in the price of bitcoin as more people use bitcoin as the underlying means for their every day stock and ETF investing.
  49. 1 point
    By way of an update market is now talking Block chain 3.0 some interesting startups in the space Stackr (https://www.gostackr.com/) What happens to your Crypto when you die ??? Stackr allows you to designate beneficiaries to receive your assets without going through a possibly lengthy and expensive probate process and estate taxes. In many jurisdictions, moving assets between crypto and traditional investments can trigger unnecessary taxable events. Stackr can be isolated from such events due to the trust structure, which means that it is only when you really need your money and remove it from the trust that you might pay any tax. Stackr is a secure long-term crypto and US$ savings solution that cuts out the middleman. Combining traditional finance with modern-day financial technology & expertise has enabled Stackr to pioneer this innovative, secure and flexible savings solution for the blockchain community. (These are South Africans that run a very cool shop !) Celsius Network (https://celsius.network/) Celsius is banking on the blockchain. Its borrowing and lending platform will allow users to earn up to 5% interest on their crypto while taking loans at 9% interest, using their crypto as collateral. Celsius Network’s goal is to bring the next 100 million people into crypto, ultimately becoming the first killer app in the space. Risky or not, this is one to keep an eye on. This FinTech startup is primed to disrupt traditional banking. Gameflip (https://gameflip.com/flp) is an online marketplace backed by Silicon Valley venture capital. It allows gamers to transact any type of digital goods, and currently has 3 million members. After successfully hitting its token-sale hard cap, the FLP utility token can now be used to transact digital goods within the Gameflip marketplace. In the coming months, pilot program partners and publishers will begin integrating the Gameflip SDK, which will enable the transactions of approved in-game goods via the Blockchain. (Basically trading gaming stuff...wow) ADBIT The ADBIT token will be the core function of CIINCH Media Marketplace, the world’s first blockchain-powered media planning and buying platform for traditional media (print, TV, radio and out-of-home) assets. CIINCH and ADBIT were created to help automate the multiple layers of manual processes that currently plague the industry. Traditional media has failed to innovate and adapt to the current state of our age. Highly fragmented and operating on legacy software developed in the 1990's, ADBIT and CIINCH aim to bring these processes into the present. (Here we are trading media space....trade everything !!! )
  50. 1 point
    Very good documentary about Warren Buffett Becoming Warren Buffett 2017 (HBO Documentary Films) [video=youtube]https://youtu.be/2VlojxrCp9Q With a net worth of more than $60 billion, Warren Buffett is truly a one-of-a-kind billionaire. Now 86, the legendary investor still lives in a modest home in Omaha, and continues to drive himself to the office every morning to manage Berkshire Hathaway, the fourth-largest public company in the world. But more surprising than his humble lifestyle and self-effacing personality are Buffett’s moral integrity and unique mind, which drove him not only to become the most successful businessman in the world, but also an unparalleled philanthropist. With unprecedented access to his day-to-day personal life, Becoming Warren Buffett tells the improbable story of how an ambitious, numbers-obsessed boy from Nebraska became one of the richest, most-respected men in the world. The definitive documentary on Buffett, this candid portrait sheds new light on a man who has helped shape the way Americans view capitalism and, more recently, philanthropy. Told primarily in Buffett’s own words, the film features never-before-released home videos, family photographs, archival footage and interviews with family and friends. Buffett, along with partner Charlie Munger, would build his fortune at Berkshire Hathaway, a struggling textile company that he turned into a behemoth holding corporation with stakes in Coke, Heinz, Geico and other blue-chip companies. Tracing his ascent from first-time investor to business maven, the documentary delves into the highs and lows of Buffett’s career and personal life, from becoming a father of three and the world’s richest businessman, to weathering the Salomon Brothers treasury bond trading scandal, which threatened his sterling reputation, the loss of his wife and first love, Susie Thompson Buffett, and what led him to make the largest philanthropic donation in history. Kunhardt Films’ HBO credits include the Emmy-nominated Nixon by Nixon: In His Own Words, the Emmy-nominated Gloria: In Her Own Words, the Emmy-winning Teddy: In His Own Words and the Emmy-winning Jim: The James Foley Story. Becoming Warren Buffett is a co-production of HBO and Kunhardt Films; directed by Peter Kunhardt; produced by Teddy Kunhardt and George Kunhardt. For HBO: senior producer Jacqueline Glover; executive producer Sheila Nevins
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